Whirlpool India forms committee amid sell-down

Whirlpool of India (BSE:WHIRLPOOL) announced the formation of a committee of directors to manage matters related to the anticipated sell-down by Whirlpool Corporation. The committee, constituted by the Board, includes Mr. Rahul Bhatnagar as Chairman, Ms. Harita Gupta as an Independent Director, Mr. Anil Berera as a Non-Executive Director, and Mr. Narasimhan Eswar, the Managing Director. The committee will review and advise on actions in the best interests of the company, consulting with management and legal advisors. Their scope covers contractual relationships with Whirlpool Corporation and transition plans, with all decisions subject to Board approval. The announcement, dated March 3, 2025, complies with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.